Economic Survey 2020: PSBs need a techtonic shift

With data and analytics taking the centre stage in almost all industries, state-run banks can pool all their data into one entity like in the case of GST Network, to improve their analytical capabilities that could provide them an edge over their private peers. Data sciences, machine learning and artificial intelligence could help the banks, which have more than 70% market share, to make a difference to the economy.

from Banking/Finance-Industry-Economic Times https://ift.tt/3aZQy9r